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Apartment Portland (United States)by cascade hasson sotheby's international realty
Apartment / penthouse purchase in Portland (United States) - Two-story house with garden
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ApartmentPortland (United States)
Price :
$899,000
($2,225 / m²)
Surface404 m²land486 m²

Excellent investment opportunity in the heart of Sellwood-Westmoreland. This 6-unit property is offered at $899,000, or approximately $150,000 per unit, with a documented 2025 NOI of $51,324 and a 5.71% cap rate at list price. The unit mix includes two 2-bedroom/1-bath units and four 1-bedroom/1-bath units, with professional property management currently in place. The building offers shared laundry, basement storage, newer plumbing, and a level lot in one of Southeast Portland's most desirable rental locations. Just blocks from the shops, restaurants and neighborhood amenities along SE 13th, with convenient access to transit, parks and the Springwater Corridor. Current rents provide additional upside as leases turn over, while the existing income offers investors an established operating history. A compelling opportunity to acquire a close-in Portland multifamily asset with six units, strong rental demand and long-term income potential.
Advertiser reference : EHE2MWLe Figaro Properties reference : 107992615

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Apartment Portland (United States)

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Apartment / penthouse purchase in Portland (United States) - Two-story house with garden
House with porch and ornamental hedge in this luxury apartment / penthouse for sale in Portland ($899,000 - 404 m²)
Front beige house, red porch, green garden - Prestige apartment / penthouse for sale in Portland
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James McCartan

cascade hasson sotheby's international realty
1500 NE Irving Street #11097232 Portland (United States) All the listings of this agency

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Do you have a property to sell?

By confirming this form, I agree to the General Usage Terms & Conditions of Figaro Properties.
The data entered into this form is required to allow our partner Sotheby’s International Realty to respond to your contact request by phone, email or SMS concerning this real estate advertisement and, if necessary, to allow Figaro Classifieds and the companies belonging to its parent Group to provide you with the services to which you have subscribed, e.g. creating and managing your account, sending you similar real estate advertisements by email, proposing services and advice related to your real estate project.

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